PPL Corp reports results for the quarter ended in June - Earnings Summary

PPL

02/08/2024 14:31

* PPL Corp  PPL.N  reported quarterly adjusted earnings of
38
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 29
cents.  The mean expectation of twelve analysts for the quarter
was for earnings of 33 cents per share. Wall Street expected
results to range from 30 cents to 41 cents per share.
    * Revenue rose 3.2% to $1.88 billion from a year ago;
analysts
expected $1.64 billion. 
    * PPL Corp's reported EPS for the quarter was 26 cents​.
    * The company reported quarterly net income of $190 million.
    * PPL Corp shares had risen by 9.6% this quarter and
gained 11.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
utilities
peer group is also "buy"

Wall Street's median 12-month price target for PPL Corp is
$31.00 
This summary was machine generated from LSEG data August 2 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.33           0.38           Beat
 Mar. 31 2024      0.50           0.54           Beat
 Dec. 31 2023      0.38           0.40           Beat
 Sep. 30 2023      0.42           0.43           Beat